Ascott Residence Trust expands investment mandate into student lodging
Data from Ascott Residence Trust’s latest results have been updated into the Singapore REITs table. Ascott Residence Trust (ART) announced…
Ascott Residence Trust secures SGD50 million green loan
Ascott Residence Trust (ART) has obtained a SGD50 million five-year green loan from DBS Bank Ltd (DBS). Proceeds from the…
Fitch Ratings downgrades Ascott REIT’s outlook to negative
Fitch Ratings has revised Ascott REIT’s outlook from stable to negative amid an unprecedented downturn in the hotel and lodgings…
Singapore REITs report mixed bag of earnings amid uncertain operating climate
Several Singapore REITs have continued to report in their financial results for 1H 2020, amid uncertain operating conditions brought about…
Ascott Residence Trust divests assets in China, France for SGD191.4 million
Ascott Residence Trust (ART) is divesting Ascott Guangzhou in China and Citadines Didot Montparnasse Paris in France, the trust announced…
Ascott Residence Trust issues profit warning but negatives are priced in, says DBS
Ascott Residence Trust (ART) has issued a profit warning but the negatives are largely priced in, DBS opines in a…
Ascott Residence Trust resets distribution for SGD250 million perps
Ascott Residence Trust (ART) has reset the distribution rate on its SGD250 million fixed rate perpetual securities. As reported in…
Facing COVID-19 distress, Ascott REIT skips first call on SGD250 million perps
In a bid to diversify its funding sources, Ascott Residence Trust (Ascott REIT) has decided to forego the first call…
Singapore REITs better postured for upcoming downturn compared to 2008 crisis
Despite a recent rout, Singapore REITs are still better placed financially to weather the impending downturn compared to the 2008…
Frasers Hospitality, Ascott REITs sees ratings downgrades amid travel lockdowns
Amid the ongoing travel lockdowns across many countries, the ratings or outlooks on Frasers Hospitality Trust and Ascott REIT have…